In preparation for the legalization of cannabis, the Yukon Liquor Corporation has secured its first supply agreement with licensed cannabis producer Tilray Canada Ltd.
The supply agreement will be fulfilled through Tilray’s affiliate, High Park Company, which was created to produce and distribute a broad-based portfolio of cannabis brands and products. The standing offer agreement commits to an initial purchase of inventory and includes a general commitment to supply more product dependent upon consumer demand.
The Yukon Liquor Corporation is in the process of securing other standing supply agreements with licensed producers. It is also in discussion with potential local producers about supporting a local cannabis industry.
As we prepare for the legalization of cannabis, we are pleased to announce this supply agreement with Tilray and High Park Company as one of our main licensed producers.
Minister responsible for the Yukon Liquor Corporation John Streicker
Founded in October 2013 in Nanaimo, British Columbia, Tilray is one of the world’s most advanced medical cannabis research and production facilities.
Tilray adheres to Health Canada’s Good Manufacturing Practices, the standard used by the pharmaceutical industry and other producers of goods intended for human consumption.
The agreement with Tilray has outlined approximately 350 kilograms in year one.
Yukon’s cannabis market is estimated at about 800 to 1,000 kilograms per year. Estimates are based on the information available from: the Parliamentary Budget Officer’s report Legalized Cannabis: Fiscal Considerations; and Deloitte articles.